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BizSkills Academy
Making business planning simple.
Making business planning simple.

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Develop a financial cushion

As we are all aware by now, most businesses don’t make money from the first day of operations. Despite making money on the first day of setup, majority of the business will need to consume some amount of capital investments before they actually become operational.

It is therefore important for a prospective entrepreneur to know this in advance, and to actually have this money reserved somewhere or at least have a reliable source to get such initial investments from. This is what we are referring to as financial cushioning.

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